Corante

In the Boston area?: Join us on June 11 for Startups and the Cloud, a free event on cloud computing with insights from Intuit founder Scott Cook and others

Corante New York

« Why FM radio is no longer relevant | Main | Early-morning podcast workouts »

March 24, 2005

Asking price for Ask Jeeves too low

Email This Entry

Posted by Dominic Basulto

Barry Diller's $1.96 billion bid for Ask Jeeves is too low -- at least, that's the opinion of an Ask Jeeves shareholder who's suing the company. The lawsuit could jeopardize IAC's acquisition of the company. According to the New York Post, Ask Jeeves shareholder Richard Wiltsie filed suit in a Delaware court complaining that the company's board of directors "agreed to the deal without fulfilling their most basic obligation to conduct a full and fair sale process to get the best price."

Comments (0) + TrackBacks (0) | Category: Deals


TrackBack URL:
http://www.corante.com/cgi-bin/mt/external.cgi/30938


EMAIL THIS ENTRY TO A FRIEND

Email this entry to:

Your email address:

Message (optional):




RELATED ENTRIES
East Village bar up for sale on eBay
Eliot Spitzer takes on the national cinema chains
California winemakers to sell wine to New Yorkers via the Internet
A blogger could become "Media Person of the Year"
A la carte cable TV pricing
NYSIA Incubator launch party tonight
Why the mathematics of congestion pricing don't work
Enjoy the holiday shopping bargains at Century 21 while you can